Quest Diagnostics Partners with Catapult Health to Provide Mental Health Screenings for Employers

Quest Diagnostics (NYSE: DGX), a large medical lab, has partnered with Catapult Health, a provider of employee-sponsored preventative checkups, to provide virtual mental health screenings to organizations for their employees.  The offering is part of a larger collaboration between the two companies, with the goal being to help employers give their workers access to clinical […]

RCA Sees 300% Patient Growth, Continues Its Expansion Across U.S.

For many behavioral health organizations, the coronavirus has increased costs while decreasing revenues. Social distancing protocols have made things especially difficult for residential providers, forcing many to reduce their censuses, even amid heightened demand for services. But for Recovery Centers of America (RCA) — a private equity-backed substance use disorder (SUD) treatment provider — the […]

Amwell CEO Hints at Acquisition of Behavioral Health Startup

Amwell (NYSE: AMWL), one of the nation’s largest telehealth companies, could be in the market to acquire a behavioral health startup, according to Business Insider.  Based in Boston, Amwell connects patients with doctors via secure video connection. The company, formerly known as American Well, has thrived amid the pandemic, which has made virtual visits a […]

Behavioral Benefits Provider Spring Health Snags $76M

Spring Health — a behavioral health benefits provider — has snagged $76 million in Series B financing, bringing the company’s total funding raised up to $106 million. Based in New York, Spring Health offers employers a comprehensive solution that connects their workers with mental health clinicians and resources. The startup bills itself as the front […]

Therapist Matching Startup Headway Raises $26M

Headway, a startup that helps people find therapists that accept their insurance, has raised $26 million in Series A funding. That brings the company’s total funding raised up to about $33 million.  Since its founding in 2019, Headway has helped tens of thousands of patients find therapists and book appointments. It currently works with about […]

Talkspace Sees Increased Interest from Potential Buyers Amid Sale Rumors

Talkspace, a digital therapy startup with a bevy of celebrity supporters, could soon be changing hands.  Bloomberg first reported the news Tuesday, citing “people with knowledge of the matter.” Those sources told the publication that the text-based therapy platform is working with advisers on a potential sale. Headquartered in New York City, Talkspace is a […]

VR Could be Behavioral Health’s Next ‘Game Changer’ – With Payer Support

No one could have predicted 2020 would be the year tele-behavioral health care would finally take off. But thanks to the coronavirus — and assists from insurers — virtual care’s prevalence has exploded, yielding positive results for patients and providers.  In the years to come, the industry’s next big tech revolution could be virtual reality […]

Pear Therapeutics Cuts Costs, ER Visits with Digital OUD Therapy

Digital therapeutics have become increasingly popular in behavioral health as of late, especially amid the COVID-19 pandemic, which has worsened the mental health of Americans and discouraged the delivery of in-person health care. New research from Pear Therapeutics — a digital therapeutics provider that’s raised $134 million to-date — helps validate that trend and highlight […]

Transactions: Behavioral Health Group’s Latest Acquisition; New Behavioral Tech Deal

Behavioral Health Group acquires Wellness Ambulatory Care  Behavioral Health Group (BHG), a national opioid use disorder (OUD) treatment provider, has acquired Wellness Ambulatory Care, an office-based opioid treatment provider (OTP). Financial terms of the deal were not disclosed. Based in Dallas, BHG bills itself as the largest network of Joint Commission-accredited outpatient opioid treatment and […]

Tech-Enabled Autism Services Provider Springtide Raises $18.1M

Springtide — a technology-enabled autism services provider — has raised $18.1 million in Series A funding. Deerfield Management Company and Optum Ventures led the financing round. With offices in Connecticut and New York City, Springtide provides in-person, center-based applied behavioral analysis (ABA), speech therapy, occupational therapy and physical therapy to children with autism. It also […]